Yinson Annual Report 2020

159 Annual Report 2020 • Insider trading • Email, internet and information systems • Managing internal and external communication • Company resources The Board and employees constantly observe the COBE and uphold integrity to exercise good judgement when carrying out their duties. Anti-Bribery and Anti-Corruption Policy The ABAC Policy guides employees towards eliminating acts of bribery and corruption within the Group, while encouraging business partners and other relevant parties commit to the same high standards. The ABAC Policy clearly states that the Company has zero-tolerance towards fraud, particularly in bribery and corruption, whether passive or active. Whistleblowing Policy and Procedure The Whistleblowing Policy and Procedure was enhanced in December 2019 to allow anonymous reporting, in line with the ISO 37001 Anti-Bribery Management System standards. This Policy and Procedure facilitates the disclosure of improper conduct (wrongdoings or criminal offences) within the Group and provides guidance on how disclosures shall be made. Whistleblowers are encouraged to use official whistleblowing channels to express these concerns without fear of unfair treatment or reprisal. The Company provides assurance of protection for genuine whistleblowers. Part II – Board Composition Intended Outcome 4.0 Board decisions are made objectively in the best interests of the company taking into account diverse perspectives and insights. The Board currently comprises of ten (10) members, of whom three (3) are Executive Directors, two (2) are Non-Independent Non-Executive Directors, and five (5) are Independent Non-Executive Directors. The independence composition of the Board is 50%. Four (4) out of ten (10) directors (40%) are women. The Board believes an appropriate balance and mix of skills, knowledge, experience, background and gender contributes to the effectiveness of the Board. In January 2020, Puan Rohaya binti Mohammad Yusof and Puan Sharifah Munira bt. Syed Zaid Albar were appointed to the Board. At the same time, Dato’ Mohamad Nasir bin AB Latif was re-designated as Independent Non- Executive Director of the Company. The tenure of the other three (3) Independent Directors is less than four years. The profiles of the Directors are provided on pages 146 to 150, and Board Diversity charts can be found on page 72 of the Annual Report 2020. Diversity Policy The Diversity Policy outlines the approach to achieve diversity in Board composition and Senior Management positions. In designing the Board’s composition, diversity is considered from several aspects including gender, age, ethnicity, cultural, educational background, professional experience, skills and knowledge. The Board delegates the responsibility of promoting a corporate culture that embraces diversity to the Human Resource Department.